The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-05
st. Louis Thinks the Sale Was Not Made With
out the Pennsylvania knowledge and
that That Company Will Lose Nothing.
THE yANDALIA DEAL.

The Ives and stayner People Take Possession
| and Select New Officers.
| Special to the Indianapoiis Journal
TERRE HAuTE Ind. June 4.-The directors
| car of the Cincinnati. Hamilton g. Dayton COM
| pany arrived here again this morning. and Mr..
| Ives the gentleman who has been negotiating
| for the purchase of the Terre Haute and Indian
| apolis road, with others of the syndicate. went
| to the Office of Mr.. Mckeen, where the sale was
| consummated. All the old officers of the t., H.
| & l. then resigned, and the following new board
| Of directors was elected:
Henry S. Ives, of Now York; C. c. Waite, of
| Cincinnati; William H. Ramsey, of Cincinnati,
| Christopher Meyers Of New York; F. II. Short,
| of Cincinnati; w. r. Mckeen and Josephus Col
| lett. of Terre Haute.
The new owners nsited that Mr. Mckeen
| should not retire from the board. The directors
then elected the following, which are the only
elective officers of the company:
Presdent-Henry 8. Ives.
Vice-presdent and General Manager-C. Q. Waite.
Secretary and Treasurer. H. Short.
Assistant Secretary and General Agent--George E.
Harrington.
Assistant Treasurer. W. Cruft.
The gentlemen from the East left on the 230
train for Cincinnati. The instructions given to
the officers here were to continue the business as
in the past until further orders. Any other
changes will be made by tho officers of the com
| pany, but how soon and what they will be is n
matter open for speculation only. The offices
will remain here for some time at least, tho L.
H. & l. remaining distinct organization.
The Vandalia line will now operate its bust
ness it connection with the Cincinnati, Hamilton
& Dayton and the Dayton & Ironton railroads.
and these will form, with the Baltimore & Ohio
railroad. grand system between the West
and the seaboard cities. The Cincinnati. Wa
bash & Michigan railroad, recently acquired by
the Ives Stayner syndicate, will be operated in
the interest of this large system feeder from
Chicago, the Lake Michigan cities and the lun
Der districts.
The transfers. undoubtedly Baltimore &
Ohio deal. by which they reach St Louis from
the seaboard. The price paid for the stock is
being kept secret. and persons ordinarily well
informed vary in their estimates anywhere from
81. % to So President McKeen says he sold be-
he had been actively engaged for twenty
years as president of the company and wants
rest
AS to the Pennsylvania connection it may be
said that there is operating contract by which
it went on the Vandalia bonds. and the Pennsyl-
vania will continue to run over the road unless
some dispute arises and general rupture of re-
latons
An indication given by MIR. Rockwell,
general passenger agent of the c.. H. & D., to-
day, that the Pennsylvania boycott would be
lifted so far the Vandala is concerned
Interviews with Menrs. Ives and Waite.
The Ives -Stayner party returned to Indianapo-
lis from Terre Haute yesterday afternoon, and
here parted. Mr. Ives taking the Pennsylvania
train from New York, Mr.. Waite accompanying
him parrof the way Messrs Short. Rockwell
and Proctor took special train the c., II.
& I. and left for Cincinnati. A representative
of the Journal had brief interview with Mr.
Ives and Mr.. Waite. Mr.. Ives stated
that the Vandalia would be operated
for the present, at least, separate property
from the c., Il. & l.. and there would be but
few il any changes in its official roster. There
will be no change in through train service so
far as the Pennsylvania line is concerned All
this talk he said, about the Pennsylvania people
feeling sore over the deal was bosh. The
best of feeling existed, and probably would con-
tinue to exist between the c.. FL. 6 l. and the
Pennsylvania arrangements. There is
ample for all the trains that
the Pennsylvania and the c.. H. & l. desire to
run over the Vandalia, and there need be no
friction. The conditions upon which the Van
dalia proper is leased to the L. H. &c l. road are
of such a character that there is no room for any
age of the Pennsylvania in the lease. even were
they disposed to do He looked for no fric-
ton over the deal.
General Manager Waite said there was no
necessity for making many. if any. changes in
the official roster of the Vandalia- They are all
good men. To the question, "Will E. A. Ford
be continued as general passenger agent4r no
said: 1--WE have the best general passenger
agent il this country, Charles Rock we'll, and wa
shall need but one. John Chesboroueh the AS
sistant general passenger agent, is a good man
aud we shall retain him. But all these things
have yet to be considered. 1 will say this much.
it is not the intention of the party which has
secured control of the road to disturb tho opera-
tions of the road in general. 1t has been we'll
managed and economically operated; conse
quently there is little room for Improvement.
All this talk that the official roster is to he
changed is merely speculative" The shops. he
said, were among the best in the country.
and they were just where the company neeeed
them.
Col NJ A. Downing was in Terre Haute yes
terday, and met Mr. NIcKeen and had a half
hours chat with him. He was very cheerful
and said that the c., H. 6 l. syndicate offered
him all he asked for his controlling stock, and
he sold it.
The Sale Regarded a Trap.
st. Louis Republican.
Divested of its bright trimmings the deal seems
to be only sharp. strong trap that was careful
ly baited with McKeen's dislike for the Pepusvl-
vania folks, and concealed under what was taken
to be the ignorance of the Pennsylvania people |
of what was going on, which the Ives Stayner
syndicate rushed into with great confidence and
the chances that they now confident they |
will have to stay in the trap for an indefinite |
time. while the Pennsylvania folks will congrat-
late themselves that the deal has rid them of |
Mcheen and put in his stead a very much moro |
pllable head center, without affecting disturb
ing IN theeghtest degree their full and com /